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Carl J. Herzog Foundation, Inc. v. University of Bridgeport
Connecticut Supreme Court
699 A.2d 995 (1997)
The Carl J. Herzog Foundation (Foundation) (plaintiff) made a gift to the University of Bridgeport (University) (defendant) in 1986. The Foundation intended that the gift be used to provide scholarships for nursing students; however, the Foundation did not retain a reversionary interest in the gift. When the University closed its nursing school in 1991, the University added the gift funds to its general endowment. The Foundation then commenced an action to compel the University to either reestablish its nursing scholarships or transfer the gift funds to the Bridgeport Area Foundation, an entity that could administer the nursing scholarships. The case was ultimately appealed to the Connecticut Supreme Court to determine whether the Foundation had standing to enforce the conditions of its gift to the University.
Rule of Law
Holding and Reasoning
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